Aug 15 Starting a Small Business : Step 3 Getting a Business Address

Last week we looked at how to obtain your tax ID numbers and the importance of having them. This week we will look at step 3 of the Small Business Administrations checklist for starting a business getting a business address and why that is important.

Why is having a business address important?

Having a business address is vital for a couple of reasons.

First, your business address is where all your mail from the IRS, other regulatory offices, and clients will come.

Second, depending on the city you live in you may be required to have a commercially zoned business address to apply for a business license.

Should my business address be different than my personal address?

In most cases, yes.

It adds legitimacy to your business.

Having a separate business address allows you to make a clear distinction between your business and personal life.

It can add additional security to your mail making sure that you or an authorized individual only have access to it.

And the cost of having a business mailbox is deductible for tax purposes.

Do I have to rent office space to have a business address?

No, but it is also an option that you may want to pursue. Here is a list of some options for getting a business address.

These are two of the biggest co-working vendor with offices across the country.

You can also do google search in your area for co-working spaces. There may be better options in your local area which are less expensive then WeWork and Regus.

Is it worth the extra cost?

Yes, I do believe that paying for a business address is worth the benefits. It makes your business look more legitimate, and if you pay rent to work in a co-working space, it provides you the ability to network with other business professionals in your area.

Conclusion

Having a business address is vital to any business. It can provide legitimacy to the business and offer you a space other then your home to work. If you have any questions about getting your business set up let us know below, we would love to talk to you.